NGM: another step to strengthen the Hungarian dairy sector

In their statement, they wrote that the development and strengthening of the food industry, including the dairy sector, is a top priority, which ensures the full supply of high-quality, affordable food to the Hungarian population.

– they noted.

They added that in order to assess and effectively manage the situation, the government, including the Ministry of Agriculture, actively negotiated with the sectoral actors and the Milk Product Council. In order to help the financing situation, the government decided as a first step to provide them with a separate credit line of 50 billion forints in the Demján Sándor Program, through Eximbank. Working capital loans will be available to dairy processing companies at favorable interest rates, in euros and forints, they reminded.

The ministry announced:

The margin reduction will still ensure effective action against price increases, and the public can continue to access dairy products such as milk, sour cream or Trappist cheese at favorable prices, the statement reads.